TradeHill announces no more BofA transactions

[phorensic]

...watch this market drop like a rock this weekend.

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[Jack of Diamonds]

No wonder, they are already under legal pressure for shady dealings.
Their management probably doesn't want anything to do with virtual currencies right now.

http://www.bizjournals.com/seattle/blog/2011/08/mckenna-sues-bofa-unit-over-foreclosures.html

[MemoryDealers]

Does anyone know the reason BOFA gave,  or exactly what the deal breaker was?

[TraderTimm]

The relevant blog post is here:

http://tradehillblog.com/2011/08/05/delays-in-usd-deposits-withdrawals/

[Smalleyster]

This is a good thing in the long run as BoA is truly the enemy.

I hope they set up with smaller local banks in a new network. Actually i hope they set up a permanent US office and stop this flying to the USA for every little disaster.

[MemoryDealers]

The relevant blog post is here:

http://tradehillblog.com/2011/08/05/delays-in-usd-deposits-withdrawals/

I already read that blog post,  and they didn't give any specific details there either.

[fitty]

I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.

[Smalleyster]

I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.

I sure hope they can weather the storm as they have proven to be the most honest and forthright firm associated with bitcoin so far.

[jondecker76]

I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.

I sure hope they can weather the storm as they have proven to be the most honest and forthright firm associated with bitcoin so far.

I second that, they'll keep my business